\nThe \u201cA Look Back and a Look Forward on Risk Pools: Perspectives from Countries Globally\u201d session offered a\ncomprehensive overview and discussion of risk pooling mechanisms employed across different regions, with a\nfocus on enhancing DRF and insurance solutions.\n\nNaruhiko Sugiura (Ministry of Finance, Japan) opened the session with remarks on the country\u2019s initiatives and support for international DRF efforts, including contributions to SEADRIF and the APEC DRFI-WG. Hang Thu Vu delivered a framing presentation on what risk pooling entails, its value proposition, and an overview of existing risk pools.\n\nHarold Lewis (Debt Manager, Ministry of Finance, St. Vincent and the Grenadines) shared his country\u2019s experiences with the Caribbean Catastrophe Risk Insurance Facility. The session also featured a presentation by Tonga on the Pacific Catastrophe Risk Insurance Company’s impact and operational insights in the Pacific islands. Ephod Kachigwada (Principal Disaster Response Officer, Department of Disaster Management Affairs, Malawi), detailed the country\u2019s participation in the Africa Risk Capacity Limited, highlighting the operational successes and ongoing challenges in managing disaster risks through pooled funds. Somxay Keovandy (Director of the Planning and Development Division, Department of State-Owned Enterprises Reform and Insurance, Laos), discussed the approaches that have and haven\u2019t worked in Southeast Asia.\n\nThe session also featured an interactive exercise where participants reflected on their DRF priorities and the role of risk pools relevant to their regions. The session concluded with reflections led by Olivier Mahul (Practice Manager, Crisis & Disaster Risk Finance Unit, WBG).\n<\/p>\n\n\n\n
\n\u201cGiven all the different risk pools are at different kind of stages, there’s a lot of experience that can be shared\nacross member countries, and this is really fundamentally what this session is about.\u201d\n— Sumati Rajput, Senior Financial Sector Specialist, World Bank\n\u201cThere are a lot of partners getting involved in this as risk finance from the public and the private side, and we\ndo strongly believe that there are pools with their unique public private partnership setup can have a very\nstrong role to play in this kind of new architecture.\u201d\n— Olivier Mahul, Practice Manager, Crisis & Disaster Risk Finance Unit, World Bank<\/p>\n<\/blockquote>\n\n\n\n
\nThe event successfully facilitated an exchange of experiences and insights on risk pools, highlighting the importance of collaboration, sustainable funding, and innovative product development in DRF. Participants left with a deeper understanding of the role of risk pools and actionable strategies to enhance their DRM practices.\n\nOrganized by: World Bank<\/strong><\/p>\n\n\n\n
\n\n\n\nOther resources<\/h3>\n\n\n\n
Download Transcript of Session<\/a> | Download Slides of Session<\/a><\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"
Naruhiko Sugiura (Ministry of Finance, Japan) opened the session with remarks on the country\u2019s initiatives and support for international DRF efforts, including contributions to SEADRIF and the APEC DRFI-WG. Hang Thu Vu delivered a framing presentation on what risk pooling entails, its value proposition, and an overview of existing risk pools.<\/p>\n
Harold Lewis (Debt Manager, Ministry of Finance, St. Vincent and the Grenadines) shared his country\u2019s experiences with the Caribbean Catastrophe Risk Insurance Facility. The session also featured a presentation by Tonga on the Pacific Catastrophe Risk Insurance Company’s impact and operational insights in the Pacific islands. Ephod Kachigwada (Principal Disaster Response Officer, Department of Disaster Management Affairs, Malawi), detailed the country\u2019s participation in the Africa Risk Capacity Limited, highlighting the operational successes and ongoing challenges in managing disaster risks through pooled funds. Somxay Keovandy (Director of the Planning and Development Division, Department of State-Owned Enterprises Reform and Insurance, Laos), discussed the approaches that have and haven\u2019t worked in Southeast Asia.<\/p>\n
The session also featured an interactive exercise where participants reflected on their DRF priorities and the role of risk pools relevant to their regions. The session concluded with reflections led by Olivier Mahul (Practice Manager, Crisis & Disaster Risk Finance Unit, WBG).<\/p>\n","protected":false},"author":1,"featured_media":143272,"parent":0,"template":"","etn_location":[],"etn_category":[1595,1602],"etn_tags":[1339],"class_list":["post-148958","etn","type-etn","status-publish","has-post-thumbnail","hentry","etn_category-focus-day-session","etn_category-2024-06-20","etn_tags-drfi"],"_links":{"self":[{"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/etn\/148958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/etn"}],"about":[{"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/types\/etn"}],"author":[{"embeddable":true,"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/media\/143272"}],"wp:attachment":[{"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/media?parent=148958"}],"wp:term":[{"taxonomy":"etn_location","embeddable":true,"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/etn_location?post=148958"},{"taxonomy":"etn_category","embeddable":true,"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/etn_category?post=148958"},{"taxonomy":"etn_tags","embeddable":true,"href":"https:\/\/www.urpartner.io\/ur24\/wp-json\/wp\/v2\/etn_tags?post=148958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}